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ICICI
Bank ’02-03 profit at Rs 1,152 crore
Mumbai: ICICI Bank, the country’s second largest
commercial bank, has recorded a net profit of Rs 337.05
crore for the fourth quarter ended March 31, 2003. For
the full fiscal of 2002-03, it has posted a net profit
of Rs 1,152 crore.
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Sicom
Plans Fresh Hiring Under Restructuring Plan
Mumbai: The Mumbai-based non banking financial company,
Sicom Ltd under its restructuring plan proposes to appoint
new executives for managing its operations in information
technology, advisory services, human resource development,
treasury and risk management
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Dhanalakshmi
Bank to network branches soon
Kochi: The Thrissur-based Dhanalakshmi Bank will finalise
the `core banking solutions' vendor within the next 15
days. In another four months, the bank would have a few
major branches linked up.
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Union
Bank's e-payment facility
Mumbai: Union Bank of India has launched `Union BillPay',
an online utility bill payment service for its customers
in association with BillDesk.
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CSB
net up by 21 pc
Kochi: The Thrissur-based Catholic Syrian Bank's net
profit has grown by 21 per cent to touch Rs 45.16 crore
for the year 2002-2003 against Rs 37.12 crore for the
previous year.
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Sharp
fall in LIC first premiums
Mumbai: Life Insurance Corporation of India has recorded
a sharp fall in first premium income in 2002-2003 at Rs
9,688.87 crore compared to Rs 14,800 crore in the previous
year.
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ICICI
Bank: Dividend declaration `eye-catching'
Mumbai: ICICI Bank's treasury gains for the quarter
were down to Rs 17 crore from Rs 180 crore in the previous
quarter. However, the fall in operating profits was restricted
to Rs 108 crore. This was possible because cost of deposits
declined to 6.2 per cent from 6.7 per cent in the previous
quarter.
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ICICI
Bank tops in retail finance
Mumbai: ICICI Bank on Friday said it has gained leadership
in retail finance with a market share of 29 per cent.
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Banking
operations in Bengal hit
Kolkata: Normal banking operation remained suspended
in West Bengal on Friday as bank employees observed one-day's
token strike all over the State responding to the call
given by the Bengal Provincial Bank Employees Association
(BPBEA), affiliated to All India Bank Employees Association.
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Global
reinsurers halve commissions
Bangalore: Global reinsurers have now begun exerting
pressure on domestic general insurance companies and virtually
halved the commissions.
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